Daily Plan 6.18.24
Welcome back everyone!
First, we will cover the recap for today's session then move on to tomorrow's analysis.
Today was a perfect start to the week with PH continuing the bounce from last week moving contracts up to 5 from 3.3 which were covered last week inside chat. Here is what was said in chat:
On top of this, I sent out an update in the morning expecting MSFT to see a strong rally through the previous weeks balance. This came true fueling a spike right up to my 450 target bringing in a net 270% return on the contracts called out. Here is what was said this morning:
Now lets move on to the rest of the recap!
Indices:
Emini demonstrated a strong rally just like the Nasdaq. Price held above the long level into the open seeing strong momentum all day to close near the highs. As soon as we got to the long target price surged right through my max upside target of 5540 which was covered inside the video.
Nasdaq saw price continuing above the long level at 19822 which was not touched inside the session. I covered this in last nights video not expecting price to return back to support to further fuel a move higher. This came true bringing in a net 370 handle rally from the session low.
Commodities:
Light Crude Oil demonstrated strong movement upward, breaking above the balance session that I was expecting which completely missed out on this strong rally.
Gold session exhibited a sharp sell-off, breaking below the short level at 2333.90 and falling significantly. The price then rebounded back towards the short level and closing the session here.
Stocks:
Microsoft displayed a strong upward movement after an initial drop. The price touched the long level at 441.07 and then rallied sharply.
Nvidia session started with a dip below the long level at 130.93, then experienced a recovery that brought the price back above this level.
Apple session started strong, breaking above the long level at 216.52 and maintaining an upward trajectory. Ultimately bringing in a net 6 handles of upside form the long level.
Amazon saw quite a tough session but there was still plenty of opportunity. There was no real direction that carried through the day. Price saw strong selling below the short level twice before rallying above the long level bringing in a strong spike.
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